quote:Originally posted by sarki316: LOOK BUDDY. JUST HOLD ON TO THIS STOCK. WHEN IT WILL HIT 3.00 I DONT KNOW BUT IT WILL. TRUST ME
DON'T BELEIEVE WHAT ANYBODY ELSE SAYS. DON'T GET NERIVIOUS AND SELL IT WILL BE THE BIGGEST MISTAKE YOU'LL MAKE.
ALL I CAN SAY JUST HOLD ON AND RELAX BUDDY.
Sarki or sparki who ever you are, please calm down. Were you the one crying your eyes out yesterday and now you think this will go to $5 blah blah balh. Get real, and get a real life please. We are trying to be reasonable here. Thank you and Good day!
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
Thanks GS.. It'd been nicer if he said bigger, better and sooner.
Naked Shorting in 1 sentence: Market Makers (MM) selling more shares than they were authorized to sell. Some ppl think there are 500B-1T CMKX shares even though the O/S is lot less.
quote:Originally posted by GoldieStox: Melvin on radio:
Said "How did you like the PR yesterday?" "It was good, yes?"
posted
I hate to burst ur bubble. I'm also dying for that SL 55 AMG, but if U guys see $3 - $5 in the near future, then I'm not gonna get my car, because the ONLY WAY THAT IT WILL HIT $3 - $5 IS THROUGH A REVERSE SPLIT AND NONE OF US WANT THAT!!!
0.0007 to $3 = 428571.43% - If someone can show me just one stock that rose 428571.43% in a year, the I will be a believer.
Come on....I know its a free country, but lets be real here.
posted
Goldiestox-Naked shorting stock means selling shares of a stock you don't own (shorting) without seeing if they are available to borrow and not accounting for them or returning them. So basically they are creating shares out of thin air. Doing this creates an unlimited supply of the stock so even if our demand is very high- there does not have to be any pressure on the price since supply and demand doesn't matter with an unlimited supply. The MM's (market makers are allowed to be Naked short to create a liquid market but are supposed to nake sure shares are available and cover and settle at some point). It becomes fraud when it reaches the point it has with CMKX. They are possibly short the whole Outstanding share count and then some. The new law firm is going to help CMKX become a fully reporting company and I believe it will help the company fix the Naked shorts in an innovative, effective, iron fisted kind of way. Can't wait to see what happens. IMO-DD-GLTA-Debi There are many more experienced investors who can give a better description of this than I did. But at least you have an answer.
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posted
Okay question, I am still a little unsure of one thing.
The shares I bought this past week, are in my account. If those shares have been shorted or naked shorted, do I infact really have them? At some point, if the MM's are forced to cover, they can't legally say that I have to give them up right? I mean, they can't say 'well these were non-existant shares, therefore these shares are null and void, not real?'
How would they 'cover' for these shares, the MM's I mean. My question is are the share si own now, safe? I am a little confused, just about this.
If the MM's have to cover, they are forced to pay the differnce I suppose, right? Is that why some are projecting a huge jump up, like to .02 or .03??? Or would it jump up to .1? If the MM's have to cover, couldn't they keep the price down to .0002, rebuying the shares and holding onto them??? Thanks in advance.
posted
I think as long you have purchase slip from the institution you bought your stock - you should be okay, but I am not sure if this correct. Can anyone confirm?
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
You'll be fine unless the trillion share naked short theory comes to pass. Then, who knows what would happen. If they have to cover in excess of a trillion shares at say a dime, thats 100 billion dollars. Where's that money going to come from? Sure they have insurance but I don't think in those kind of quantities. There's talk about forcing a cover at over $1.00. It couldn't happen. Where is 1 trillion dollars going to come from? Anyway, yes your shares are fine, no need to worry.
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klempar77
unregistered
posted
I try to speak with MELVIN on the air IBC. but no luck
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quote:Originally posted by VNGNTN1: TW That is what Ameritrade told me A year ago. REGULARS & ESPECIALLY YOU GARDENERS!! Smell anything being carried in on the shoes today ? VAN
Thanks :-)
The rabbit probably took vacation, and now the cat is back.
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
I think in the 1 t short that brokers(clients) would get covered first by Insurance, then brokers, then MM(in many cases brokers & MM same) , in any case it would split as wide as possible. Don't know about you but your account is insured for $250,000. I have shares in 4 accounts, doesn't that = $1m ???? VAN
[This message has been edited by VNGNTN1 (edited June 17, 2004).]
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